Here’s How Much it Costs For Rich People to Buy U.S. Citizenship

Here’s How Much it Costs For Rich People to Buy U.S. Citizenship
Editorial Staff
By Editorial Staff
August 17, 2016
For rich foreigners trying to find a quick way to emigrate to the U.S., they can essentially buy citizenship or residency if they’re willing to make a sizable monetary investment. 
The U.S. offers the EB-5 immigration program, which gives out green cards to foreigners who invest at least $500,000 and creates 10 jobs in the U.S. EB-5 visas are capped at 10,000 per year.
In 2015, the U.S. used up its annual supply of EB-5 visas for the second year in the row due to the huge wave of rich Chinese applicants, according to CNN. In 2014, 90% of EB-5 visas were issued to Chinese nationals, compared to 13% in 2004. People in China see these programs as a way to escape their heavily polluted country and seek better education for their children.
But the U.S. is not the only country that offers these programs — Canada, Australia, Singapore and others offer similar visas to foreigners willing to make an investment. Check out the chart below compiled by the International Monetary Fund.
 Citizenship residency programmes investment
Image Credit: IMF
Countries offer these programs because it helps bring more money into their economy, thereby potentially increasing their GDP. Investors are spending $2 billion a year across the globe on programs similar to the EB-5, according to a 2014 report by Henley & Partners.
h/t: WEForum
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